Armaghan Haq

Armaghan Haq

Armaghan Haq FCA is a director of IFRS Implementation Solutions Limited, a practice specialising in identifying and addressing accounting, systems and business implications of IFRS developments, and embedding practical solutions within clients' financial systems and processes. He is also involved in IFRS technical training.

Until July 2017, he was head of accounting policy for retail, consumer finance and group operations divisions of Lloyds Banking Group, responsible for ensuring technical accounting risks are identified, assessed, prioritised and managed effectively across the three divisions. He was also head of legal entity reporting for Lloyds Bank plc and Bank of Scotland plc, two significant listed subsidiaries of Lloyds Banking Group.

The views expressed are solely those of the author in his private capacity and do not constitute professional advice.

Accounting / IFRS 16 Leases: transition to lessee accounting

Armaghan Haq FCA and David Maxwell ACA examine the transitional options and their impact on adoption of IFRS 16 Leases under the new lessee accounting rules set to come into force from 1 January 2019

Accounting / IAS 21: hedging currency in a Brexit world

Foreign exchange volatility is one of the most worrying factors in the run-up to Brexit. Armaghan Haq of Lloyds Banking Group examines the implications of a volatile sterling and possible remedial action under IAS 21 accounting requirements

Accounting / Currency fluctuations: accounting treatment under IAS 21

Accounting for currency fluctuations under IAS 21 The Effects of Changes in Foreign Exchange Rate, is a balancing act in the Brexit world, says Armaghan Haq, head of accounting policy, retail at Lloyds Banking Group

Accounting / IFRS 16 Leases: reporting impact on automotive fleets

Changes to lease accounting under the new IFRS 16 Leases will create more balance sheet transparency in the automotive sector, but there will be significant upheaval in terms of reporting practice, say Armaghan Haq, head of accounting policy, retail, Lloyds Banking Group and Paul Lippitt, principal consultant, fleet, Lex Autolease